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§ 24-13-4-1 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 24 - Trade Regulation/
  5. Article 13 - Pyramid Promotional Schemes/
  6. Chapter 4 - Private Actions and Proceedings24-13-4-1. Maximum Damages Under Private Cause of Action; Discretionary Treble Damages; Attorney's Fees/
  7. § 24-13-4-1
Indiana Legal Code

§ 24-13-4-1

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(a) A person may bring an action against a person who establishes, operates, promotes, or assists another to promote a pyramid promotional scheme for:(1) the damages actually suffered as a result of the pyramid promotional scheme; or(2) one thousand dollars ($1,000);whichever is greater.(b) The court may increase damages awarded under this section in an amount that does not exceed:(1) three (3) times the actual damages of the person suffering the loss; or(2) three thousand dollars ($3,000).(c) The court may award reasonable attorney's fees to a party that prevails in an action under this section.(d) Actual damages awarded to a person have priority over any civil penalty imposed under this article.As added by P.L.105-2017, SEC.3.